Saudi German Health (SGH), a leading healthcare group in the Mena region, has seen its first-quarter (Q1) net profit zoom 145% to SR50 million ($13.33 million) compared to Q1 2022 on the back of record revenues of SR628 million. 

 

The impressive results showcase the extensive work done by the group’s team over the past 12 to 18 months to enhance and improve its operations while expanding the network's capacity to capitalise on the pent-up demand in the kingdom.

 

SGH generated total revenues were the highest the group has ever achieved in a single quarter. The solid performance was driven by notable improvements across SGH's entire network of medical facilities on increased census and optimized case mix. On a group level, the group served a total of 21,000 inpatients and 495,000 outpatients in Q1 2023.

 

Geographically diversified

Additionally, the group significantly expanded its footprint, solidifying its market position as the kingdom's most geographically diversified healthcare player. 

 

Over the past 12 months, SGH added four new medical facilities to its network, including a clinic complex in Abha, a specialised hospital in Hai Al Jamea in Jeddah, a 300-bed tertiary hospital in Makkah, and a new medical tower in Riyadh.

 

Makarem Sobhi Batterjee, President and Vice Chairman of Saudi German Health, said: “The recent investments the management has made to expand and enhance the quality of our facilities and medical services have had a highly positive impact on our brand in the market. This is evident from the increased census numbers and the positive feedback we receive from patient satisfaction surveys.

 

“I am proud of the exceptional work the group has done through the transformation initiatives that have helped us achieve excellent results in Q1 2023.  I believe there is still much more we can offer to the market. I have confidence that we are on the right track, and I am positive that we will continue to build upon the solid results achieved in this quarter throughout 2023."

 

Saudi German Health continues to prioritise offering its patients best medical services and care, even as it expands its presence across multiple locations.-- TradeArabia News Service